|Base Metals||Copper Aluminum Lead Zinc Tin Nickel|
|Minor & Precious Metals||Precious metals Manganese Silicon Cobalt Selenium|
|Scrap & Secondary||Scrap and secondary copper Scrap and secondary aluminum Secondary lead & zinc|
|Steel||Slab Finished steel Crude steel|
|Raw Materials||Ferroalloy Iron ore Coke Scrap steel Pig iron|
|Iron Ore||Spot Price Output Import Volume Export Volume|
|Scrap||Import Volume Export Volume|
|Pig Iron||Output Import Volume Export Volume|
|Finished Steel||Shanghai Output Import Volume Export Volume|
|Ferroalloy||Output Import Volume Export Volume|
|Crude Steel||Output Import Volume Import Volume Export Volume|
|Copper||Refined Copper Yangshan Copper Premium|
|Aluminum||Aluminum ingot Alumina Bauxite ADC12 ZLD102 A356 Prebaked Anode|
|Lead||Lead Ingot TC/RC Secondary Lead Lead Powder Lead-antimony Alloy|
|Nickel||Refined Nickel Laterite Nickel Ore NPI Nickel Powder Nickel Oxide|
|Zinc||#0 Zinc Ingot #1 Zinc Ingot TC/RC Zinc Oxide Zinc alloy|
|Tin||Tin Ingot Tin Concentrate Tin Powder Tin Alloy Solder Bar|
|Rare Earth||Ce Dy Er Eu Gd La Nd Pr Sm Tb Y|
|Minor Metals||Manganese Silicon Minor Metals|
|Precious Metals||Gold Silver Platinum Palladium Ruthenium Rhodium Iridium|
|Scraps||Scrap Copper Scrap Aluminum|
BEIJING (Scrap Monster): China has added more glimmer to its dignified gold aspirations by inviting foreign banks and gold producers to take part in a global gold exchange in Shanghai that could challenge the dominance of New York and London in precious metal trade and pricing.
"China wants to have more voice in gold prices," said Mr. Jiang Shu, an analyst with Industrial Bank, one of 12 banks allowed importing gold into China. "The international exchange is the first step towards gaining a say in gold pricing."
According to the media report, China's central bank last week gave the Shanghai Gold Exchange (SGE) has approached Australia and New Zealand Banking Group, HSBC, Standard Bank, Standard Chartered and Bank of Nova Scotia.
"If you don't allow foreign players to participate in your market actively, or do not push Chinese financial institutions to participate in the international market, then China's strong gold demand is only a number, not a power," Shu added.
Last year China overcame India as the world's top gold importer and gold jewelry and investment demand, rising to a record 1,065.8 tons.
|China Aluminum Industry Chain Weekly 20140922
Base Metals Consolidate as Fed Likely to Raise Rates Sooner, but Full...
|2014 China Nonferrous Metals Industry Annual Conference
The annual conference, attracting over 1,000 market players in...
Copyright © SMM. All Rights Reserved